2011 GEL to SHP Historical Review

YEARLY HIGH

0.3913 SHP

YEARLY LOW

0.3426 SHP

YEARLY AVERAGE

0.3702 SHP

2011 GEL to SHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to SHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 0.3913. Conversely, the yearly low was recorded on February 2, dropping to 0.3426.

This high-to-low spread represents a total annual volatility of 0.0487 SHP. From a start-to-finish perspective, comparing the January average rate of 0.3531 to the December average rate of 0.3861, the exchange rate registered a net change of 9.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3913 was up 0.27% compared to the 2010 peak of 0.3902, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 1,956 SHP

2010 Average 1,811 SHP

Yearly Trough Low 1,713 SHP

Transaction Impact: A difference of 243.67 SHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3897

0.3459

JanuMarcMayJulySeptNove

GEL to SHP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.3615, compared to 0.3789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0174 points.

H1 Avg (Jan–Jun) 0.3615

H2 Avg (Jul–Dec) 0.3789

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0194 SHP (High: 0.3913 / Low: 0.3719). On the other end, August was the most stable month, with a tight range of 0.0063 SHP (High: 0.3735 / Low: 0.3672).

September Spread (Volatile) ±0.0194

August Spread (Stable) ±0.0063

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0036 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.3809) against the same month in 2010 (average: 0.3506), the exchange rate shifted by +0.0303 (+8.63%).

2011 Avg (September) 0.3809

2010 Avg (September) 0.3506

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3643	0.3456	0.3531
February	0.3537	0.3426	0.3495
March	0.3662	0.3547	0.3618
April	0.3732	0.3621	0.3670
May	0.3700	0.3594	0.3649
June	0.3788	0.3669	0.3728
July	0.3755	0.3684	0.3718
August	0.3735	0.3672	0.3706
September	0.3913	0.3719	0.3809
October	0.3897	0.3739	0.3822
November	0.3898	0.3756	0.3818
December	0.3902	0.3799	0.3861